$228,000
NAL Estimated Property Value2609 Madison Ave, Abilene, TX, 79601
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCarpet, Vinyl
Exterior
Lot Size8,612 sqft
Building Information
Year Built1962
Stories1
Roof Type105
Garage Spaces2
Land Information
APN41600008600
Lot Number2
SubdivisionHillcrest Addn Sec 2
Land UseResidential
Legal DescriptionHILLCREST ADDN SEC 2, BLOCK 7, LOT 2
Census Tract010100
Assessed Land Value$15,498
Assessed Improvement Value$130,510
Assessment Year2025
About this property
Available August 5th. Fully Furnished with all utilities and lawn care included. This well-maintained 3-bedroom, 2-bath home. Step inside to find a spacious living area filled with natural light, a practical kitchen with ample cabinet space, and three comfortably sized bedrooms. The primary suite includes its own private bath, providing added convenience and privacy. Second living room area with huge couches for stretching out and relaxing. No pets. No smoking. Security Deposit is $1000. Renter’s Insurance required.
Investor Tools
$228,000
Estimated Property Value
$119,480Estimated Mortgage Balance
$108,695Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$371/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,309
$146,008
2025
$15,498
$130,510
$146,008
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,309
$146,008
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Purchase Money Mortgage
$120,000
No
First
Mar 3, 2026
Mar 2046
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,480
$108,520
47%
52%
$720/mo
